El Salvador Legalizes Institutional Bitcoin Services with New Investment Banking Law

El Salvador has taken a major step forward in integrating Bitcoin into the global financial landscape by passing the Investment Banking Law, opening the door for institutional-scale Bitcoin services. The law grants qualified investors the opportunity to leverage private investment banks who are now legally permitted to hold Bitcoin and digital assets on behalf of their clients, fostering a regulated environment for sophisticated investors. This development follows El Salvador’s 2021 landmark decision to make Bitcoin legal tender, signifying its commitment to exploring new frontiers in financial innovation.